When getting ready to sell a house, it’s quite normal to be quite disturbed. You have questions about finding a buyer, the cost the buyer will be willing to pay and how soon you will be able to sell the house. Before putting your home on the market, some home improvements could help put your mind at rest.

“Maximizing profits” is top on the bucket list of real estate investors when selling their houses. You desire to regain every dime you spend on the acquisition of the land and construction of the building. In a previous blog, we mentioned how to leverage forced appreciation in real estate. This time, we will be narrowing it down to home improvements before putting your house on the market.

Top Reasons to Make Home Improvements Before Selling

A little home improvement goes a long way in affecting your profit positively as a real estate investor. This segment shall run you through the main reasons you should improve your house before selling.

1. It Helps You Sell Your House Quicker

Several people avoid selling houses because of the perceived illiquidity of the market. While there is an iota of truth in this, you can overcome this limitation by making your house attractive. Attractive buildings stand out in the environment and attract buyers faster than bland buildings. However, in a bid to make your house more attractive, ensure you do not overspend. As a rule of thumb, when renovating a building to sell it, it is important to stick to the basics.

2. It Boosts the Market Value of the Property

The market value of your property is dependent on the perceived value by buyers. Before putting your house up for sale, ensure it is in good condition. Houses that are in good condition often have shorter negotiation phases because the visual view already appeals to the senses of the buyer. Hence, making them willing to part with their money for the house. Amazingly, some of the changes you will make to the house may cost you next to nothing, However, as a smart real estate investor, you should factor in the improvement costs in your asking price.

3. It Helps You Identify Hidden Issues You Might Not Have Spotted Earlier

As the house owner, you know your house so well. However, some issues that need fixing might not show up till you start the improvement phase. Implementing improvements helps you note such lurking issues and address them before the new owners arrive.

4. It Helps You Make a Decision to Sell or Not

Sometimes, house owners think they need a new house whereas all they need is a new outlook. Improving your house before putting it up for sale helps you check your readiness to let go of the house. Additionally, the time between the start of improvements and the completion helps you arrive at a concrete decision.

5. It Modernizes the Home and Gives It a New Outlook

Modern houses are more attractive than old-school-looking houses. A decision to improve your house gives you a chance to modernize it before sale. This new modern outlook will make the building stand out and look attractive in the neighbourhood.

Home Improvements to Make Before Selling Your House

Some of the improvements your house needs will not cost you a lot of them. While some require funds, others require your attention to detail and your time. Without taking your time, let’s get started with the top improvements you should make before selling your house.

1. Give a Lasting First Impression

First impressions last longer than any other impression you will make. Before putting your house up for sale, make the first sights appealing. Take care of the exteriors, clean out the gutters, keep the lawn neat, clear out bushes and ensure the environment is tidy. Ensure that everything potential buyers will see wouldn’t irritate or piss them off. Waste and clutters should be out of the sight of potential buyers.

It is also important for you to make the driveway motor-able. You don’t want to give off the impression that you are dumping an abandoned apartment in the laps of the buyers.

2. Apply a Fresh Coat of Paint

A fresh coat of paint goes a long way in making your house appealing. The layer of paint makes the house look cleaner and well-maintained. It also enables potential buyers to envision themselves living in the space.

Start your painting sojourn from the exterior of the apartment. Repaint the metal surfaces, most especially the rusting ones. Ensure your front door and gate have a new paint outlook. For walls that do not need a fresh paint coat, ensure they are neat and pleasing to the eyes.

3. Improve the Lighting and Ambience

Never underestimate the power of good lighting and ambience. Brighter lights set the ambience and mood of a space. It accentuates the beauty of the rooms and makes it more enticing. If the windows are quite small and cause the house to look dim, consider adding more windows. Also, replace old light features with modern power-efficient options. In case the window sills are dirty and affect the inflow of light into the room, it might do you some good to clean them up and eliminate obstructions from that end.

4. Do a Deep Clean of the Apartment

As simple as this sounds, it goes a long way in affecting the perception of your apartment by potential buyers. Before putting up the house for sale, eliminate all dirt and dust in the apartment. Clean up places you hardly reach during regular cleaning and ensure every part of the house is sparkling.

5. Declutter Your House

Before selling your house, declutter every room and space in the house. Thin-out furniture and items that take up extra space. This will give the rooms more breathing space and make them look bigger. 

6. Eliminate All Pests and Rodents

Pest and rodent-infested houses are an eyesore to potential buyers. Before the inspection or sale phase, ensure these unwanted elements are dealt with. Also, clean up their trails, so they don’t bring up questions you will not love to answer.

7. Fix the Floor

Fix chipped, scratched and outdated floors. If the floor is made up of old tiles, replace the entire flooring or get tiles that match the current ones. For the sake of consistency, make the floors of all rooms uniform. It is out of place when a building has several floor types across the building. Ensure to choose a preferred floor type and stick to it throughout the house. E.g. stick to either wooden, marble or tiled floors. A blend of these three types of floors will be odd.

8. Fix the Door Knobs, Switches and Sockets

The door knobs, switches and sockets are essential features of a house. Replace damaged door knobs with modern and easy-to-operate floor knobs. While replacing these features, stick to consistency and simplicity. Doing this will make the house look elegant and well-planned.

Final Tips Before Selling Your House After Your Home Improvements

When putting out the house for sale, it is important to remember that this is a business. Consequently, all the rules of business apply. Sometimes, house owners get so attached to their houses and stories by potential buyers that they forget that this is a business.

If you are unsure about your ability to handle the business aspect of the sale, do not hesitate to engage an agent or house manager to help you. Some of the tips that could help you while selling your house include:

1. Set Aside Your Emotions

Do not be too emotional about the sale of your house. While it’s normal to have emotional attachments to the house, ensure it doesn’t lead you. Rather, approach the house from the viewpoint of an outsider who wishes to acquire the house. This should guide your decisions about the house and your actions

2. Do Not Under-price or Overprice your Building

Your asking price is an important part of the sale of your house. Do not overprice or under-price your property. If you will be making renovations, ensure to factor the renovation cost in your asking price. One of the factors that can help you is for you to research the cost of houses in your area before setting an asking price.

3. Do Not Overspend on Renovations

When renovating your house, stick to the basics. While you need to improve on your home, ensure you do not overspend on home improvements. 

4. Use Captivating Pictures

Pictures are the first contact of potential buyers with your house. When listing your property, ensure you use captivating and attractive pictures of your house.

Conclusion

Selling your house is easier when you make the right home improvements. In this blog, we gave a rundown of some home improvements that could help you sell your house at a decent price. 

Land Republic is committed to seeing you excel as a real estate investor. We have several curated resources that could help you grow in your investment journey. For starters, you could check the ABCs of Real Estate Investment. We are certain that the benefits of investing in real estate will convince you to take a step towards investing in real estate. For enquiries and further questions, contact us today via +2348122222283 and support@landrepublic.co